Workhorse Group (NASDAQ:WKHS) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Workhorse Group Inc. (NASDAQ:WKHS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.03 and traded as low as $0.73. Workhorse Group shares last traded at $0.76, with a volume of 3,550,306 shares trading hands.

Analyst Ratings Changes

WKHS has been the topic of a number of research reports. TD Cowen increased their price target on Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Workhorse Group to a “sell” rating in a research note on Friday.

Workhorse Group Price Performance

The stock has a fifty day moving average price of $0.95 and a two-hundred day moving average price of $1.03. The company has a market cap of $31.29 million, a P/E ratio of -0.10 and a beta of 2.70.

Institutional Trading of Workhorse Group

Several large investors have recently added to or reduced their stakes in WKHS. Cubist Systematic Strategies LLC bought a new position in shares of Workhorse Group in the second quarter worth $55,000. Sei Investments Co. acquired a new stake in Workhorse Group in the second quarter worth about $69,000. Virtu Financial LLC acquired a new stake in Workhorse Group in the third quarter worth about $51,000. Jane Street Group LLC grew its position in Workhorse Group by 91.6% in the 3rd quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after buying an additional 19,473 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after buying an additional 123,150 shares during the period. 15.98% of the stock is currently owned by institutional investors and hedge funds.

About Workhorse Group

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.